Broadridge’s Access Data Introduces Unique Tax Management Solution for Mutual Funds and ETFs
Broadridge Financial Solutions today announced a unique tax management solution providing mutual fund managers and ETF sponsors access to data to accurately calculate state tax obligations. Broadridge’s Multi-State Tax Management solution, the first of its kind, collects, organises and tabulates shareholder account data across distribution channels in all 50 states, without divulging specific shareholder information....
ANNA Highlights ISIN Developments and the Future of the ANNA Service Bureau and the IGI
The Association of National Numbering Agencies (ANNA) is likely to be having a busy start to 2011: as well as providing its feedback on legal entity identification standards to the US Office of Financial Research at the end of January (OFR), the association has been working on a new version of ISO 6166, otherwise known...
ICFR Meeting Calls for Increased Consistency of Supervisory Data Collection, Global Coordination
The International Centre for Financial Regulation’s (ICFR) recent meeting on macroprudential data scoping highlighted a number of concerns related to the collection of data for the monitoring of systemic risk, not least of which was the need for global coordination among regulators. Attendees to the meeting, which took place earlier this month in London under...
Nykredit Creates Central Data Hub with Cadis Platform
Nykredit, one of Denmark’s leading financial groups, has gone live with the Cadis EDM platform. Cadis, the global EDM specialist, has been selected as the central data hub that puts high quality, highly visible data management under the control of the risk group. “Nykredit runs the largest collateralised mortgage book in Scandinavia and so access...
Macbeth Talks up the DTCC’s Data Repository Ambitions for 2011: More Markets on the Agenda
The Depository Trust & Clearing Corporation (DTCC) will be focusing on taking its services forward this year in line with regulatory developments, according to Stewart Macbeth, general manager of the DTCC’s Trade Information Warehouse (TIW). At the start of this year, it launched its automated portal for regulatory access to global credit default swap (CDS)...
Daewoo Securities Selects Pricing Partners’ Financial Analytics Solutions
Pricing Partners announced today the signing of Daewoo Securities, the largest stock brokerage and investment banking firm in South Korea, as the its first South Korean client. The agreement was signed through its regional partner Belatos. Under this groundbreaking agreement, Daewoo Securities will deploy Pricing Partners’ entire financial pricing and analytics solutions, Price-it Library suite...
Any Legal Entity Identifier Will Need to Contain Parent/Child Hierarchy Data if it is to Help Track Systemic Risk, Says Liegel
Rather than the idea of a ‘dummy’ legal entity identifier, as seems to be popular within the practitioner community Andrew Liegel, deputy vice president of regulatory and risk solution vendor FRSGlobal’s US operations, reckons the Office of Financial Research (OFR) will need to craft an identifier that contains a suitable coding sequence in order to...
UK FSA’s Response to MiFID Warns Against a One Size Fits All Approach to Data Standardisation
The recent joint response by the UK Financial Services Authority (FSA) and the UK Treasury to the European Commission’s MiFID proposals indicates that the regulators are concerned that a “one size fits all” approach towards data standards may be applied to non-equity instruments, as the directive is expanded beyond equities. The response, which comes in...
A Number of Firms Have Put Counterparty Mapping Projects on Hold, Pending the OFR’s LEI, Says GoldenSource’s Recent Hire Engdahl
The majority of firms that have already kicked off projects to map their issuer and counterparty data have opted to put them on hold, pending a decision being made with regards to the establishment of a standard legal entity identifier, according to Steve Engdahl, senior vice president of product strategy at EDM vendor GoldenSource. The...
CITIC Prudential Fund Management Company goes live with HiPortfolio
DST Global Solutions, a provider of investment management software and services, today announced that CITIC Prudential Fund Management Company has gone live with the HiPortfolio Asset Servicing solution, to strengthen its fund accounting operations. CITIC Prudential Fund Management Company is an asset management joint venture between the UK’s Prudential Group and China’s CITIC Group. Rock...